Tuesday, June 28, 2011

Lawson on "green jobs"

This certainly applies to Obama:
[Dominic] Lawson dismisses as economic illiteracy claims of a green jobs boom powered by renewables that will mop up unemployment from the structural adjustment to a low-carbon economy, recruiting one of the great classical liberals to back his case.

"The French 19th-century economist Frederic Bastiat said you might as well go round breaking windows saying you're creating jobs for glaziers. The fact is you can't look at just one sector. The government can create jobs by employing large numbers of people to build statues of prominent politicians. You can always create jobs in a particular area.

"What you've got to be concerned about are jobs in the economy as a whole and you don't create jobs in the economy as a whole by promoting something [that] is wholly uneconomic and has to be subsidised."
He makes an additional point that no green jobs promoter seems to understand:
A lot of these green jobs will be in China. The Chinese can see there is a market in the West for solar panels and other things so they are producing them very much more cheaply. In so far as there are jobs they will be there, not in the consuming countries.